Focus Funds

Maintain a disciplined focus on long-term rewards.

RBC DS Focus Funds are mutual funds that offer you targeted exposure
to high quality Canadian and U.S. equities selected from a number of
broad industry sectors. Following a disciplined and proven stock
selection and sector allocation process, the funds strive to provide
above-average returns over the long-term while minimizing the risk presented
by short-term fluctuations.

Each fund invests in 25 to 60 equities, plus a percentage allocated
to cash:

RBC DS North American Focus Fund primarily invests
in U.S. equities with 30-40% exposure to Canadian equities.

RBC DS Canadian Focus Fund primarily holds Canadian
equities with 20-30% exposure to U.S. equities.

RBC DS International Focus Fund invests in equities
outside North America with a focus in Europe, Asia and some Emerging
Markets.

Key Features and Benefits of RBC DS Focus Funds

Diversification across many different securities and sectors helps
to reduce risk

Professionally managed by RBC Asset Management, which uses
a proprietary screening technique to choose high quality companies
for the portfolio

Take the next step…talk to an advisor.

RBC DS Canadian Focus Fund, RBC DS North
American Focus Fund and RBC DS International Focus Fund are sold by RBC Dominion Securities Inc.* There
may be commissions, trailing commissions, management fees and expenses
associated with mutual fund investments. Read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently
and past performance may not be repeated. RBC Dominion Securities Inc., RBC
Asset Management Inc. and Royal Bank of Canada are separate corporate
entities, which are affiliated. Investment advisors are employees of RBC
Dominion Securities Inc. *Member CIPF. ®Registered Trademark of Royal Bank of
Canada. Used under licence.

1) The value at redemption may be more or less than
the original purchase price.